Recap - Jan 13, 2010 MidCap 400

Yesterday's action in the EMD - MidCap 400 was a classic BUY REVERSAL opportunity. The MKT was in a NEUTRAL CORRECTIVE technical state after a negative sentiment shift from Tuesday's action. The 739.80 Inflection Pivot define the price point which would either confirm or deny this technical signal. In the outlook commentary BUY REVERSALS where favored over FADE as any false failure would be a signal that the underlying positive trend is going to resume.




For an overview of entry strategies please review the following webvideo.

ENTRY STRAT
http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv

JS